Proposition 19 Compliance
Since 2021, inherited property in California may be subject to massive property tax reassessments. We help families structure their trusts to maximize parent-to-child transfer exclusions where possible.
Estate planning represents the proactive process of securing your future and ensuring your final wishes receive the respect they deserve. Whether you are focused on protecting your family from the public probate process or managing your affairs during a period of incapacity, the legal tools you choose today define your legacy tomorrow.
At the Law Offices of W. Steven Chou, we specialize in crafting comprehensive estate plans tailored to the unique needs of affluent families and business owners across Orange and Los Angeles counties. With over 25 years of experience, Attorney Steven Chou provides clear, transparent guidance to help you navigate the complexities of California law.
While many people use the terms interchangeably, wills and trusts serve distinct roles within a California estate plan. Understanding these entities is essential for effective wealth preservation.
Last Will and TestamentA will is a legal document that dictates the distribution of your assets after your passing. It is a vital tool for naming guardians for minor children and expressing specific final wishes. However, in California, a will alone does not bypass the court system. If your estate’s value exceeds the current statutory threshold, your will must generally be validated through a formal probate proceeding.
A living trust is a powerful entity designed to hold and manage your assets during your lifetime and after your death. Because the trust owns the assets, they do not need to pass through probate court. This provides several critical advantages for residents in high-value areas like Newport Beach, Coto de Caza, and San Marino:
For homeowners in Orange County and Los Angeles County, real estate is often the most significant asset in an estate. Modern California planning must account for specific “entity-level” challenges:
Since 1999, Attorney W. Steven Chou has helped thousands of families find peace of mind. As a bilingual attorney fluent in English and Chinese, he bridges cultural and legal gaps for clients in diverse communities like Cerritos, Irvine, and San Gabriel.
Our firm believes in transparent communication and clear fee structures. We avoid the dense legalese often found in traditional law firms, focusing instead on providing you with the practical knowledge needed to make informed decisions for your family.
Your estate plan should grow and change alongside your life. Whether you are creating your first trust or need to update an existing plan to reflect current California laws, our team is ready to assist you from our offices in La Palma and Irvine.
Would you like to see how a Revocable Living Trust can protect your specific assets?
Disclaimer:
The information provided on this website is for general information purposes only. Nothing on this site should be construed as legal advice for any individual or for any situation or case. The information provided is neither intended to create an attorney-client privilege, nor does viewing this website create an attorney-client privilege.